TDS
This query is : Resolved
24 April 2009
i lisen that there is no TDS required to Deduct if Business receipts < 40,00,000 or Professional Receipts < 10,00,000 on rent and some other income. even toal Payment exceding threshold limit. Kindly clarify the question?
CA.Tarun Maheshwari
(Expert)
24 April 2009
This is applicable only for Individuals or HUF deductors.
taxindiaconnect
(Expert)
25 April 2009
I agree with Tarun
Deepak Goel
(Expert)
26 April 2009
First of all you check wheter you have partnership firm/ co. or individual. If individual or proprietorship firm then limit is 40,00,000/- and in case of recipt 10,00,000/-
CA.Tarun Maheshwari
(Expert)
26 April 2009
Dear Deepak Goel, pls check your answer again. You explained the limits for tax aduits. The question asked is wrt liability of TDS deduction.
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